CannabisNewsBreaks

TuesdayOct 02, 2018 11:45 am

CannabisNewsBreaks – NUGL Inc. (NUGL) Marketing Growth Figures Beat Expectations, Industry Standards

NUGL Inc. (OTC: NUGL), the cannabis industry’s new standard of technology, this morning announced that its marketing growth for user sign-ups and mobile app downloads has beaten expectations and outperformed industry standards for similarly situated technology start-ups. “We’re excited to report our September numbers far exceeded our expectations and well surpassed industry standards for growth,” Ryan Bartlette, CMO of NUGL, stated in the news release. “This month we focused on creating the blueprint for our marketing model. We wanted to prove concept and increase growth quickly and organically. We not only saw great returns on our initial spend but also…

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TuesdayOct 02, 2018 11:20 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Successfully Closes Acquisition of HemPoland

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) this morning announced the closing and approval from the Toronto Stock Exchange of its acquisition of HemPoland. In connection with the transaction, the company has paid $7.75 million in cash and has issued 1,968,323 restricted shares that will be escrowed for a term of three years from closing. There is also a contingent consideration of up to 3,047,722 deferred shares based on HemPoland achieving $32 million in EBITDA for the financial year 2021. TGOD will invest an additional $10.3 million in HemPoland to fund innovative product…

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TuesdayOct 02, 2018 10:47 am

CannabisNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Issues Response to DEA Rescheduling of CBD

Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF), a premium functional food and beverage company, this morning issued a response to the U.S. Drug Enforcement Administration’s recent decision to remove cannabis component cannabidiol from its Schedule I list of controlled substances. “We see this reclassification of CBD in pharmaceuticals as a good sign that will bolster the growing awareness of CBD as a substance that delivers many benefits, and opens the door for other CBD-based treatments, in line with the recent FDA approval of a drug to treat childhood epilepsy,” Jim Bailey, president and CEO of Phivida, stated in the news…

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TuesdayOct 02, 2018 10:42 am

CannabisNewsBreaks – Marijuana Company of America Inc. (MCOA) Provides Update on JV CBD Hemp Operation in Oregon

Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTC: MCOA) this morning issued an update on its joint venture project with partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) in Scio, Oregon. Per the update, harvest has commenced at the farm. During the next 10 days, the team will harvest this year’s crop consisting of roughly 36,000 high yielding CBD hemp plants that were grown in an orchard style cultivation on 33 acres. Following the harvest, the hemp will be dried in preparation for storage prior to processing. After the drying of this year’s crop is complete,…

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TuesdayOct 02, 2018 10:04 am

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Takes Steps to Acquire Hydroponic Companies for $45M Revenue Stream

Shares of Sugarmade, Inc. (OTCQB: SGMD) surged 10 percent in early trade, moving on volume of more than 2.5 million, after the hydroponics supply company said it has issued formal proposals to acquire two profitable hydroponic cultivation supply companies in the cannabis sector. Should the acquisitions be successful, the company said it will boost its revenue guidance to $75 million for next year. Sugarmade recently provided 2019 guidance of $30 million. "These acquisitions will not only very significantly boost our top line revenue growth, but will also expand our distribution across the most important sectors of the fast-growing cannabis marketplace,…

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MondayOct 01, 2018 2:45 pm

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) Subsidiary Makes Initial Shipment to the Ontario Cannabis Store

The Flowr Corporation (TSX.V: FLWR), through subsidiary The Flowr Group (Okanagan) Inc., this morning announced that it has initiated product shipments to the Ontario Cannabis Store, the province’s sole legal online retailer for recreational cannabis, in anticipation of the scheduled October 17, 2018, opening of the adult-use market. “We’re very pleased to be supplying Flowr’s premium cannabis to the Ontario Cannabis Store,” Tom Flow, Flowr’s co-founder and president, stated in the news release. “Our flower is grown in facilities with proprietary designs and cultivation systems in the world famous Okanagan Valley of British Columbia, then hand trimmed and craft cured…

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MondayOct 01, 2018 10:35 am

CannabisNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Details Plans to Launch CBD Hemp Wine

ChineseInvestors.com, Inc. (OTCQB: CIIX), the premier financial information website for Chinese-speaking investors, this morning announced its plans to launch CBD Hemp Wine, a private brand of hemp-infused rice wine, through wholly owned foreign enterprise CBD Biotechnology Co. Ltd. “Our sales increased 41% on a year-on-year basis largely due to the significant increase in our hemp oil and alcoholic beverage products sales of which have increased by 28,859%. Given the trends and the current demands we are seeing in the marketplace, we believe this is a significant opportunity,” Warren Wang, CEO of ChineseInvestors.com, stated in the news release. “Moving forward, CBD…

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FridaySep 28, 2018 1:56 pm

CannabisNewsBreaks – Earth Science Tech, Inc. (ETST) Executes Strategic Plan to Become a Global Leader the CBD Market

Biotechnology company Earth Science Tech Inc. (OTCQB: ETST) is advantageously situated to become an international leader in the cannabinoid (“CBD”) space. An article further discussing the company reads, “By making its products more available to consumers through its association with AATAC, an advisory board that focuses on convenience stores, ETST is setting itself apart as a major provider of premium CBD products. Through a joint venture with Karmavore Superfoods, the company is expanding its unique full spectrum cannabinoid CBD raw dark chocolate line from two to five products. With the anticipated launch of three new CBD-based patent formulas – chocolate-covered…

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FridaySep 28, 2018 1:44 pm

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Expands within Surging Hydroponics Supply Sector

Hydroponic supply company Sugarmade (OTC: SGMD) is strengthening its portfolio through various proposed acquisitions as the hydroponic supply sector is forecasted to experience steady growth over the next few years. An article discussing the company reads, “Sugarmade is a Southern California company invested in the development of products and brands with disruptive potential. Recently, the company expanded into Europe’s hydroponics supply market and saw its revenue growth patterns expand geographically from California-centric last year to an increasing number of U.S. states where legalization has eased restriction and on into the United Kingdom. … On August 28, Sugarmade announced that it…

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FridaySep 28, 2018 11:52 am

CannabisNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Achieves Successful Introduction of New Hemp-Infused Product Line into Target Market

Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF), a premium functional food and beverage business, recently launched its “Oki” product line of drinks and supplements featuring hemp extracts into the mainstream market. An article discussing the company reads, “Phivida conducted extensive consumer research before the Oki product launch, during which it was able to align the product line with the ethos, habits and attitudes of its target market. The research revealed that consumers of active hemp extracts prioritize healthy lifestyles and seek out functional beverages. They are more likely to reject drinks that contain large amounts of sugar and processed ingredients, and…

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